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Ikuku
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Ikuku
is a boutique collection of condos, offering a unique blend of minimalist architecture and timeless design. This project, brought to life by architect Gerard Boyance, features
clean lines and purposeful simplicity
to create spaces that evoke harmony and well-being. Located on
20th Street between 10th and 15th Avenue
,
Ikuku
is perfectly situated in the heart of Playa del Carmen, providing immediate access to
white-sand beaches
and the
cosmopolitan charm of Fifth Avenue
. The development offers
studios and one-bedroom condos
, each delivered fully equipped with
high-quality materials and finishes
, ensuring a seamless, move-in-ready experience.
The strategic value of Ikuku lies in its prime location , exclusive amenities , and timeless design . With its proximity to beaches and urban amenities , this project presents a unique opportunity for discerning individuals seeking a serene, sophisticated, and luxurious Caribbean lifestyle . The development's comprehensive suite of luxury amenities , including a private, residents-only gym , pool with a semi-olympic swimming lane , and coworking space , ensures a harmonious blend of relaxation and entertainment. As a project by Ekasa Desarrollos Inmobiliarios , a local family business with an international outlook and a reputation for responsibility and formality, Ikuku offers a secure and profitable investment opportunity. With its fully equipped residences and prime location , Ikuku is an attractive option for those looking to invest in a luxurious Caribbean lifestyle . Note that Ikuku does not offer developer financing, allowing buyers to explore external financing options that best suit their needs.
The strategic value of Ikuku lies in its prime location , exclusive amenities , and timeless design . With its proximity to beaches and urban amenities , this project presents a unique opportunity for discerning individuals seeking a serene, sophisticated, and luxurious Caribbean lifestyle . The development's comprehensive suite of luxury amenities , including a private, residents-only gym , pool with a semi-olympic swimming lane , and coworking space , ensures a harmonious blend of relaxation and entertainment. As a project by Ekasa Desarrollos Inmobiliarios , a local family business with an international outlook and a reputation for responsibility and formality, Ikuku offers a secure and profitable investment opportunity. With its fully equipped residences and prime location , Ikuku is an attractive option for those looking to invest in a luxurious Caribbean lifestyle . Note that Ikuku does not offer developer financing, allowing buyers to explore external financing options that best suit their needs.
PRICE
N/A
$214,000 - $272,900 USD
CITY
N/A
Playa del Carmen
REGION
Centro
BEDROOMS
0
1
SURFACE
34.65
-
56
m2
UNITS
27
Units Available
ANALYST RATING
Strategic
SALES VELOCITY
0
%
FINANCING PLANS
N/A
Available
DEVELOPER
Ekasa Desarrollos Inmobiliarios
DELIVERY DATE
Details Upon Request
DEVELOPER STATUS
LISTING UPDATE
November 29, 2025
Presentation Video
Developer ProfileOfficial BrochureWant to know more about
Ikuku
?
| Model / Typology | Size (m²) | Bedrooms | Sales Velocity | Starting Price (USD) | Assets | ||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1-Bedroom Condo ▼ 41.21 - 55.99 1 21 left ~$237,100 | |||||||||||||||||||||||||||||||||||||||||||||||
Studio ▼ 34.65 - 38.34 0 6 left ~$214,000
| |||||||||||||||||||||||||||||||||||||||||||||||
Explore Financing PlansHOA Fees ESTIMATIONHOA Fee Estimation
Based on the amenities and luxury level of this property, the estimated monthly HOA (Maintenance) fee is expected to be in the range of:
$350 - $550 USD per month
Analyst's Reasoning: The estimate is in this range due to the presence of amenities like a rooftop infinity pool, gym, and concierge service, which are typically high-maintenance and increase HOA fees. However, the moderate number of total units (27) helps to distribute these costs, preventing the fees from being excessively high. The luxury level indicated by the price range ($214,000 - $272,900 USD) also suggests a higher quality of service and amenities, contributing to the estimated range.
Disclaimer: This is a data-driven estimate provided for planning purposes only. The final, official HOA fee will be confirmed by the developer or property administration.
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In the heart of the Caribbean, where the gentle caress of sea breezes meets the vibrant pulse of urban life, lies Ikuku, a sanctuary of timeless elegance by the sea. This luxurious haven is designed to envelop its residents in a world of serenity and sophistication, where every moment is a testament to the beauty of refined living.
- 🏖️ Oceanic Oasis: Wake up to breathtaking ocean views, as the warm light of dawn dances across the waves, inviting you to start your day in perfect harmony with nature.
- 🌿 Serene Retreat: Find solace in the lush garden, a tranquil escape from the world, where the soothing sounds of nature and the gentle rustle of leaves create a sense of deep relaxation.
- 🏋️♀️ Wellness Sanctuary: The private, residents-only gym offers a serene space to maintain your wellness routine, surrounded by natural light and the motivating energy of a like-minded community.
- 📚 Productive Haven: The coworking space is your gateway to productivity, a beautifully designed area that fosters creativity and focus, perfect for turning your vision into reality.
- 🍹 Sunset Soiree: As the day unwinds, the rooftop terrace transforms into the perfect spot to enjoy a cocktail, watching the sky turn into a kaleidoscope of colors as the sun dips into the ocean.
- 🚗 Seamless Mobility: With secure parking at your disposal, you can effortlessly explore the vibrant surroundings of Playa del Carmen, from the eclectic shops of Fifth Avenue to the pristine beaches and beyond.
- 👥 Exclusive Gathering: The lounge is your private hub for socializing, a sophisticated space to connect with like-minded individuals, share stories, and create unforgettable memories.
- 🏊♀️ Aquatic Bliss: The swimming pool is more than just a place to swim; it's an experience of weightlessness and freedom, a moment to let go and simply be, surrounded by the stunning beauty of Ikuku.
Wellness & Recreation- 🏋️ Gym: Private, residents-only fitness center for maintaining wellness routines in tranquility.
- 🌳 Garden: Serene, natural spaces for relaxation and connection with nature.
- 🏊 Swimming Pool: Residents can unwind and enjoy the Caribbean sun by the pool.
Social & Entertainment- 🍹 Lounge: Elegant social spaces for residents to entertain and connect with community.
- 🌃 Rooftop Terrace: Breathtaking ocean views and sophisticated ambiance for unforgettable gatherings.
Services & Comfort- 📊 Coworking Space: Fully equipped, modern workspaces for productivity and convenience.
- 🛍️ Concierge: Personalized service for arranging every detail of residents' lives.
- 🚪 Also Includes: Secure parking, 24/7 security, and stylish lobby for effortless living.
November 29, 2025
💡 In any market, choosing a property with true, lasting value is the key to a smart purchase.
Ikuku
is designed to deliver just that, offering a unique combination of location, design, and lifestyle that sets it apart.
- 🌴 Unique Lifestyle Offering: The property's integrated 'work-from-anywhere' infrastructure, featuring a dedicated Coworking Space and professional Concierge services, directly targets a resilient, higher-yield tenant base of remote professionals.
- 🏞️ Non-Replicable Ocean Views: The asset’s Ocean View is a durable competitive advantage that commands a permanent valuation premium, supporting superior rental income and long-term appreciation.
- 📈 Strategic Market Positioning: Ikuku is strategically positioned to outperform the Playa del Carmen market, which is experiencing a significant divergence between national tourism trends and robust local development initiatives.
- 🚂 State-Led Infrastructure Development: The region is undergoing a state-sponsored transformation, anchored by massive infrastructure projects like the Tren Maya, which enhances long-term connectivity and accessibility.
- 📊 Government Support for Market Formalization: Proactive government efforts to formalize the real estate market through advisor matriculation and updated Urban Development Plans increase transparency and investor security.
Read the Full Data-Driven Analyst ReportThe investment rationale for Ikuku is predicated on its strategic positioning to outperform a Playa del Carmen market facing a potential supply glut. The asset's integrated 'work-from-anywhere' infrastructure, featuring a dedicated Coworking Space and professional Concierge services, directly targets a resilient, higher-yield tenant base of remote professionals. This specific amenity mix insulates the property from the commoditized rental market, which is under pressure from tepid national tourism data showing a 1.5% year-to-date decline in hotel occupancy. By attracting a demographic that prioritizes service and infrastructure over pure price, Ikuku is structured to maintain premium rental rates and occupancy, even as broader market supply increases.
💎 Competitive Advantages (Alpha)
The asset possesses a distinct and defensible set of features that generate outsized returns relative to the general market. These attributes are intrinsic to the property and are difficult for competitors to replicate, allowing it to capture a premium, resilient market segment.- Integrated Coworking & Service Infrastructure: The combination of a dedicated Coworking Space and professional Concierge services elevates the asset from a standard condominium to a serviced lifestyle product. This directly addresses the structural needs of the growing remote professional demographic, insulating it from the volatility of the traditional tourist market which has seen national hotel occupancy decline by 1.5% YTD.
- Non-Replicable Physical Attributes: The asset’s Ocean View is a durable competitive advantage that commands a permanent valuation premium. This feature supports superior rental income and long-term appreciation, aligning with Playa del Carmen's robust housing price growth, which at 12.4% annually, significantly outpaces the national average of 8.4%.
🛡️ Foundational Market Strengths (Beta)
While the asset's primary thesis relies on its unique characteristics, it is also supported by powerful, long-term secular trends and government-led initiatives within the Riviera Maya. These macro-level drivers provide a stable foundation for long-term capital appreciation.- State-Sponsored Infrastructure & Urban Development: The region is undergoing a state-sponsored transformation, anchored by massive infrastructure projects like the Tren Maya. This commitment is further evidenced by proactive urban planning, including the recent legal regularization of 1,693 lots in Playa del Carmen's Colonia Luis Donaldo Colosio, which unlocks significant future value and signals a commitment to stable growth.
- Systemic Market Formalization: The government is actively professionalizing the real estate sector, demonstrated by the matriculation of 2,144 real estate advisors in Quintana Roo, ranking it first nationally. This initiative increases transparency, enhances investor security, and fosters a more mature and predictable market environment.
- Diversified & Resilient Tourism Base: Despite softness in air arrivals, the regional economy is supported by a strong cruise sector, which has posted robust growth of 8.9% in passenger arrivals year-to-date. This provides a consistent floor of economic activity and tourism traffic to the Riviera Maya, mitigating reliance on a single demand channel.
📈 Strategic Outlook & Risk Analysis
- ⚪ Primary Market Risk: A potential near-term housing supply 'bubble' driven by ambitious regional development targets (e.g., 43,600 projected INFONAVIT homes) that could outpace current, tepid national tourism demand growth (-1.5% YTD hotel occupancy decline), leading to increased competition and potential pressure on rental yields for undifferentiated assets.
- 🔴 Inventory Exposure: The asset's inventory is segmented in its exposure to market risk. The 6 studio units face higher competition from the traditional short-term rental market. However, the 21 one-bedroom units are more resilient; their larger footprint is better suited for the medium-to-long-term remote professional, a demographic that is specifically attracted to the asset's core alpha drivers (Coworking, Concierge) and is less sensitive to short-term tourism fluctuations.
- 🟢 Strategic Confidence: The analyst's confidence is rated as Strategic. The rating is justified by the asset's targeted amenity stack, which provides a clear defense against the primary market risk of a supply glut. By offering a superior, service-oriented product centered on the needs of remote professionals, the asset can attract a higher-quality, longer-stay tenant base, particularly for its one-bedroom inventory. This strategy allows it to operate in a premium niche, insulating it from yield compression in the broader, more commoditized rental market.
- 🟢 Core Rationale: The asset's unique Alpha Drivers are positioned to insulate its premier units from broader market pressures, while offering a long-term value proposition for its standard inventory.
🎯 Ideal Investor Profile
The appropriate investor for this opportunity is a strategic, well-capitalized entity with a long-term investment horizon and a high tolerance for macro volatility. This profile understands the necessity of looking beyond broad national tourism metrics, such as the 1.5% decline in hotel occupancy, to focus on the specific 'Alpha' story of regional development and asset-level differentiation. The investor must be prepared to weather potential near-term market softness driven by U.S. economic headwinds, as signaled by the low Consumer Expectations Index. The core of this investment is a conviction that the asset's service and infrastructure (Coworking, Concierge) are direct drivers of a defensible yield, attracting a premium tenant base that mitigates the primary risk of a market-wide supply increase.Fideicomiso and Closing Costs SIMULATOREstimated Closing Costs & Fideicomiso
Disclaimer: These are data-driven estimates for planning purposes only. The final calculation (cálculo) and all legal fees are confirmed by your Notary Public (Notario Público) at the time of closing.
Estimate based on a starting price of $237,100 USD
1. Percentage-Based Costs (Tied to Price):
- Acquisition Tax (ISABI): ~$7,824
- Notary, Registry & Admin Fees: ~$5,546
2. Fideicomiso (Bank Trust) Setup (Flat Fees):
- SRE Government Permit: $1,200
- Bank Establishment Fee: $1,000
Estimated Total One-Time Cost:
~$15,570 USD
This represents approximately 6.6% of the property's value.
~$15,570 USD
This represents approximately 6.6% of the property's value.
Recurring Annual Cost
You should also budget for the Annual Fideicomiso Fee of approximately ~$600 USD, paid to the bank each year to maintain your trust.
5-Year Outlook Investment Calculator5-Year Outlook Calculator
Gross Annual Income$0
Net Operating Income$0
Capitalization Rate0.0%
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Imagine waking up in a serene, luxurious, and sophisticated Caribbean retreat, where the sound of waves gently crashing against the shore and the warmth of the sun on your skin are just the beginning of an unforgettable experience. The Minimalist Caribbean Retreat in Playa del Carmen is not just a place to live, but a gateway to a lifestyle of elegance, refinement, and adventure, perfectly encapsulating the essence of timeless elegance in the heart of this vibrant beach town. With its prime location, exclusive boutique condos, and luxury amenities, this haven is tailored to discerning individuals and couples seeking a tranquil, high-end lifestyle with effortless access to upscale shopping, dining, and entertainment.
The Doorstep Experience
Step out of your luxurious retreat and into a world of wonder, where every moment is an opportunity to indulge your senses and nourish your soul. The doorstep of The Minimalist Caribbean Retreat is a treasure trove of experiences, from the rich aromas of expertly crafted chocolate to the vibrant colors of a 3D museum, all within a short, leisurely stroll. This is where the beauty of Playa del Carmen comes alive, offering a unique blend of relaxation, culture, and entertainment that defines the ultimate Caribbean lifestyle.- 🍫 Ah Cacao Chocolate Café - Just a 3-minute walk away, this chocolate lover's paradise is the perfect spot to indulge in decadent treats and enjoy a moment of pure bliss, embodying the retreat's focus on serene, luxurious living.
- 🎨 3D Museum of Wonders - A mere 3-minute stroll leads to this fascinating museum, where art and technology blend in a kaleidoscope of colors and illusions, offering a unique cultural experience that enriches the mind and inspires the soul.
- 🖼️ Museo Frida Kahlo Playa Del Carmen - For those who appreciate the beauty of art and history, this museum, dedicated to the life and works of Frida Kahlo, is just a 5-minute walk away, providing a profound cultural experience that resonates with the sophisticated tastes of our discerning residents.
- 🥐 Choux Choux Café - This quaint café, barely a minute's walk from your doorstep, is a haven for those seeking a delicious pastry or a relaxing coffee break, exemplifying the convenience and charm of living in the heart of Playa del Carmen.
- 🎭 RESIDENCIA ART PROJECT - Located just 4 minutes away, this unique project showcases the vibrant art scene of Playa del Carmen, offering residents a chance to immerse themselves in creativity and inspiration, further enriching their luxurious lifestyle.
Neighborhood Highlights
Beyond the immediate doorstep, the neighborhood unfolds like a tapestry of experiences, each one carefully woven to create a life of convenience, entertainment, and luxury. From the practicality of everyday shopping to the excitement of beach clubs and fine dining, every aspect of life in Playa del Carmen is designed to cater to the discerning tastes of our residents, ensuring that every day is a celebration of the good life.- 🛍️ Walmart - For all your daily needs, this convenient shopping destination is just a 4-minute drive away, making everyday living effortless and convenient.
- 🌴 Mamita's Beach Club - With its stunning beachfront location and vibrant atmosphere, Mamita's Beach Club, only 5 minutes away, is the perfect spot to soak up the sun, enjoy water sports, or simply relax in style, embodying the essence of a luxurious Caribbean lifestyle.
- 🍴 El Fogón - This highly-recommended restaurant, a mere 4 minutes from your retreat, offers an exquisite dining experience, with its menu featuring a delicious blend of traditional and contemporary cuisine, catering to the refined tastes of our residents.
- 🍹 La Bodeguita del Medio Playa del Carmen - For those who enjoy a good cocktail or a lively evening out, this bar and restaurant, just 3 minutes away, is a must-visit, providing a sophisticated setting for socializing and relaxation.
- 🏨 The Reef Coco Beach Resort & Spa - Located about 7 minutes from your doorstep, this resort offers a serene getaway with its beautiful beach, luxurious spa, and fine dining options, making it an ideal destination for those seeking a relaxing retreat or a romantic escape, and further enhancing the lifestyle options available to our residents.
